Good employees are valuable. Some would argue invaluable. No matter your stance, team members require an investment and like any good investment it needs to be nurtured and encouraged.
Posts Tagged: turnover
Last week, I explored how federal agencies can use HR data to build predictive models to evaluate and reduce costly employee turnover. An article published in Business Insider this month described how HR software company Workday built an app to help employers do just that. Workday claims its software can not only predict who is... Read more »
Using a regression model is not only useful for diagnosing employee turnover in the present, but also can help predict who is likely to leave in the future.
When accounting for the costs (both real costs, such as time taken to select and recruit a replacement, and also opportunity costs, such as lost productivity), the cost of employee turnover to organizations has been estimated to be up to 150% of the employees' remuneration package. In the case of the public sector can, or... Read more »
There might be some good reasons to retain (or attempt to retain) employees after they've announced they want to leave their jobs. I guess it all depends on what motivated employees' to declare their intentions in the first place. Find out the reasons why employees quit is a good way to figure out the collective... Read more »